Business

KRA Makes Effort to Combat Corruption Within Agency

Kenya Revenue Authority(KRA), dismissed 19 of its workers in the second quarter ending December 2024. This figure more than doubles…

1 year ago

Britam Pays Limuru Country Club Ksh.71 million Insurance Claim

Britam General Insurance has settled a KES 71,143,016 compensation claim for Limuru Country Club following the fire that razed its…

1 year ago

Safaricom Warns Users to Beware of These Scamming Tricks

Kenya's leading Telecommunication company, Safaricom, has issued warning to its users to stay alert of scamming tricks employed by scammers.…

1 year ago

Kenya’s Largest Bank Group, KCB Complies to CBK to Cut Lending Rates

Kenya's largest lender with $10.8 billion in assets, KCB Bank Group, has complied to CBK directive to all banks to…

1 year ago

CBK Issues New Directives to 24 Banks

The Central Bank of Kenya (CBK) has issued a new directive 24 banks, ordering them to submit capital enhancement plans…

1 year ago

Kenya’s New Device Licensing Rules Puts Small Companies in Jeopardy

The new device licensing in Kenya now puts the existence of small companies in the phone and vehicle tracker industry…

1 year ago

XTransfer Partners With Ecobank to Transform Africa-China SME Trade Payments

Ecobanks national Incorporated Group has joined forces with XTransfer to make international trade easier for African small and medium businesses…

1 year ago

Banks That Can’t Cut Lending Costs to Face Penalty by CBK

The Central Bank of Kenya (CBK) has taken route to implement aggressive measures that would see banks cutting lending rates…

1 year ago

How Two Kenyan Banks Lost Sh36.6M To Insider Fraud Schemes

Two Kenyan banks reportedly lost a combined Sh36.64 million in separate insider fraud incidents, realized after an internal audit uncovered…

1 year ago

Treasury & CBK Disagree Over New Bond Trading Platform EABX

Kenya's Treasury and the Central Bank of Kenya (CBK) disagree over the newly established bond trading platform, the East African…

1 year ago